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  4. Warner Bros. Discovery reports $3.4 billion net loss, revenue slips
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Warner Bros. Discovery reports $3.4 billion net loss, revenue slips

(Reuters) -Warner Bros. Discovery (NASDAQ:WBD) Inc on Thursday reported a second-quarter net loss of $3.4 billion and a slight decline in revenue, as the newly merged company...
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Warner Bros. Discovery reports $3.4 billion net loss, revenue slips © Reuters. FILE PHOTO: David Zaslav arrives for the Time 100 Gala celebrating Time magazine's 100 most influential people people in the world in New York, U.S., June 8, 2022. REUTERS/Caitlin Ochs/File Photo

(Reuters) -Warner Bros. Discovery (NASDAQ:WBD) Inc on Thursday reported a second-quarter net loss of $3.4 billion and a slight decline in revenue, as the newly merged company reconfigures overlapping businesses from WarnerMedia and Discovery.

The company, which reported combined results for the first time, also disclosed 92.1 million streaming video subscribers.

The net loss includes about $2 billion of amortization of intangibles, about $1 billion of restructuring and other charges, and $983 million of transaction and integration expenses, the company said.

Warner Bros Discovery is expected to discuss a new streaming strategy for the merged company during its earnings, Reuters reported L1N2ZE2VJ, citing four sources familiar with the plans.

The move is seen as an attempt to attract more customers as streaming services face a slowdown in subscriber growth and steadily rising frequency of cancellations.

Customers ending their services hover at around 37% in the United States - a rate that could well increase as surging inflation forces a paring of discretionary spending.

Shares of the company, which reported revenue of $9.83 billion, fell 3.6% in extended trading.

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31-03-2024 10:19:50 (UTC+7)

EUR/USD

1.0793

+0.0006 (+0.06%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

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Sell (5)

EUR/USD

1.0793

+0.0006 (+0.06%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

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GBP/USD

1.2624

+0.0002 (+0.02%)

Summary

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Moving Avg:

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USD/JPY

151.38

0.01 (0.00%)

Summary

↑ Buy

Moving Avg:

Buy (12)

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AUD/USD

0.6522

+0.0007 (+0.11%)

Summary

Sell

Moving Avg:

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USD/CAD

1.3543

+0.0006 (+0.04%)

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EUR/JPY

163.37

+0.12 (+0.07%)

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EUR/CHF

0.9738

+0.0010 (+0.10%)

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Gold Futures

2,254.80

42.10 (1.90%)

Summary

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Silver Futures

25.100

+0.002 (+0.01%)

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Copper Futures

4.0115

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Crude Oil WTI Futures

83.11

+1.76 (+2.16%)

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Brent Oil Futures

86.99

+0.04 (+0.05%)

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+0.034 (+1.98%)

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US Coffee C Futures

188.53

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Euro Stoxx 50

5,082.85

+1.11 (+0.02%)

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S&P 500

5,254.35

+5.86 (+0.11%)

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DAX

18,504.51

+27.42 (+0.15%)

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FTSE 100

7,952.62

+20.64 (+0.26%)

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Hang Seng

16,541.42

0.00 (0.00%)

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Neutral

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US Small Cap 2000

2,120.15

+5.80 (+0.27%)

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Neutral

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IBEX 35

11,074.60

-36.70 (-0.33%)

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BASF SE NA O.N.

52.930

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Bayer AG NA

28.43

+0.01 (+0.04%)

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Allianz SE VNA O.N.

277.80

+0.35 (+0.13%)

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Adidas AG

207.00

+2.30 (+1.12%)

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Deutsche Lufthansa AG

7.281

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176.96

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14.582

-0.030 (-0.21%)

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 EUR/USD1.0793Sell
 GBP/USD1.2624Sell
 USD/JPY151.38↑ Buy
 AUD/USD0.6522Sell
 USD/CAD1.3543Buy
 EUR/JPY163.37↑ Sell
 EUR/CHF0.9738↑ Buy
 Gold2,254.80Buy
 Silver25.100↑ Buy
 Copper4.0115↑ Buy
 Crude Oil WTI83.11↑ Buy
 Brent Oil86.99Neutral
 Natural Gas1.752↑ Sell
 US Coffee C188.53↑ Sell
 Euro Stoxx 505,082.85↑ Sell
 S&P 5005,254.35↑ Sell
 DAX18,504.51↑ Buy
 FTSE 1007,952.62↑ Sell
 Hang Seng16,541.42Neutral
 Small Cap 20002,120.15Neutral
 IBEX 3511,074.60↑ Sell
 BASF52.930↑ Buy
 Bayer28.43Buy
 Allianz277.80↑ Buy
 Adidas207.00↑ Buy
 Lufthansa7.281↑ Sell
 Siemens AG176.96↑ Buy
 Deutsche Bank AG14.582↑ Buy
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Cập nhật 31-03-2024 10:19:52
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ↀ Giá vàng thế giới
$2,232.75-1.61-0.07%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V24.69025.180
RON 95-III24.28024.760
E5 RON 92-II23.21023.670
DO 0.05S21.01021.430
DO 0,001S-V21.64022.070
Dầu hỏa 2-K21.26021.680
ↂ Giá dầu thô thế giới
WTI$82.82+5.390.07%
Brent$86.82+5.180.06%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD24.600,0024.970,00
EUR26.020,0327.447,78
GBP30.490,4131.787,64
JPY158,93168,22
KRW15,9119,28
Cập nhật lúc 10:12:31 31/03/2024
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